Paramount Technologies Limited

Paramount Technologies Limited - machinery and equipment in Baroda, Gujarat, India. Directors, charges & compliance details.
CIN U74210GJ1987PLC010016 Incorporated 25 September 1987 ROC Ahmedabad HQ Baroda, Gujarat, India
Merged Public Limited Company machinery and equipment
Data last updated
Revenue · FY 2020
₹1.67 Cr
▼ 17% YoY
Net profit · FY 2020
₹11.99 Lakh
Net margin 7.2%
EBITDA · FY 2020
₹18.83 Lakh
EBITDA margin 11.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Satisfied charges
₹50 Lakh
No open charges
Company age
39 yrs
Est. 1987
Employees · EPFO
8
Provident fund records

About Paramount Technologies Limited

Data last updated:

Paramount Technologies Limited was a public limited company based in Baroda, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 25 September 1987.

The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74210GJ1987PLC010016. The company has 1 GST registration on record, which is no longer active.

The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh. It was led by directors including Atul Jamanadas Shah and Kailas Kewalkrishna Tuli.

Its last annual general meeting (AGM) was held on 16 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at A – 4 Gidcmakarpura, Baroda, Gujarat, India – 390010.

As per the financials filed for FY 2020, the company reported a revenue of ₹1.67 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹11.99 Lakh (net margin 7.2%) and EBITDA of ₹18.83 Lakh (EBITDA margin 11.3%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 16% over five years.

The company had about 8 employees on its provident fund (EPFO) records before it was dissolved.

As per MCA filings, the company had satisfied charges of ₹50 Lakh on record.

The last known website on record is paramountlimited.com.

Company Details of Paramount Technologies Limited
CIN U74210GJ1987PLC010016
Registration Number 010016
Incorporation Date 25 September 1987
ROC Ahmedabad
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 16 September 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
Key People
Atul Jamanadas Shah Director Kailas Kewalkrishna Tuli Director Samir Kewalkrishna Tuli Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    paramountlimited.com
  • Social Media
    Locked
  • Registered Address
    A – 4 Gidcmakarpura, Baroda, Gujarat, India – 390010
  • Industry
    Machinery and Equipment, Process Machinery & Industrial Equipment
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Financials, compliance, directors, charges, ownership and filings for Paramount Technologies Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Paramount Technologies Limited

The main business activity of Paramount Technologies is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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Auditor Details of Paramount Technologies Limited

Paramount Technologies Limited is audited by V. Parekh & Associates for the financial year 2016.

NameStatusAppointment DateCessation Date
V. Parekh & AssociatesLockedLockedLocked
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Board of Directors of Paramount Technologies Limited

Paramount Technologies has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Atul Jamanadas Shah
Also directs: Spectra Dynamics Limited
Director27 Jan 20179 Years 8 MonthsAs last reported
Kailas Kewalkrishna Tuli
Also directs: Spectra Dynamics Limited
Director25 Sep 198739 Years 0 MonthsAs last reported
Samir Kewalkrishna Tuli
Also directs: Tuli Inftatech LLP, Paramount Grindly Petrochemicals Private Limited, Spectra Dynamics Limited and 2 more
Director31 May 198937 Years 4 MonthsAs last reported
Kewalkrishna Tuli Gurucharandas
Also directs: Tuli Inftatech LLP, Paramount Grindly Petrochemicals Private Limited, Spectra Dynamics Limited and 1 more
Director21 Apr 201115 Years 5 MonthsAs last reported
Dilip Ranjitbhai Shukla
Also directs: Spectra Dynamics Limited, Paramount Limited, O3 Ozonics Private Limited and 1 more
Director27 Jan 20179 Years 8 MonthsAs last reported
View all directors

Financials of Paramount Technologies Limited FY 2020 filings available

Paramount Technologies Limited reported revenue of ₹1.67 Cr (down 17% YoY) for FY 2020.

Revenue · FY 2020
₹1.67 Cr ▼ 17%
Net profit · FY 2020
₹11.99 Lakh margin 7.2%
EBITDA · FY 2020
₹18.83 Lakh margin 11.3%

Compounded Annual Growth Rate (CAGR) of Paramount Technologies Limited

Revenue CAGR growth
1 year
▼ 17%
3 years · compounded
▼ 27%
5 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▼ 63%
3 years · compounded
▼ 40%
5 years · compounded
▼ 20%

Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 17% fall in the latest year. EBITDA fell 63% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.

Financial Statement Summary of Paramount Technologies Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹18.83 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹11.99 Lakh••••••••••••••••
Balance Sheet
Share Capital••••••••••••••••••••
Reserves and Surplus••••••••••••••••••••
Net Worth (Total Equity)••••••••••••••••••••
Long-term Borrowings••••••••••••••••••••
Short-term Borrowings••••••••••••••••••••
Trade Payables••••••••••••••••••••
Total Liabilities••••••••••••••••••••
Fixed Assets••••••••••••••••••••
Investments••••••••••••••••••••
Inventories••••••••••••••••••••
Trade Receivables••••••••••••••••••••
Cash and Bank Balance••••••••••••••••••••
Total Assets••••••••••••••••••••

Financial Ratios of Paramount Technologies Limited

MetricsFY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2015-16
Profitability
EBITDA Margin11.3%••••••••••••••••
Net Profit Margin7.2%••••••••••••••••
Return on Equity (ROE)••••••••••••••••••••
Return on Capital Employed (ROCE)••••••••••••••••••••
Return on Assets (ROA)••••••••••••••••••••
Liquidity and Debt
Current Ratio••••••••••••••••••••
Quick Ratio••••••••••••••••••••
Debt-to-Equity Ratio••••••••••••••••••••
Interest Coverage Ratio••••••••••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••••••••••
Receivable Days••••••••••••••••••••
Payable Days••••••••••••••••••••
Inventory Days••••••••••••••••••••
Revenue Growth••••••••••••••••••••
Net Profit Growth••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Paramount Technologies are in the company report.

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Financial statements from 2015

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Ownership and Shareholding of Paramount Technologies Limited

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Charges & Borrowings of Paramount Technologies Limited

Open charges
None
Satisfied charges
₹50 Lakh
Breakdown by lending institutions
Indian Overseas Bank₹0.50 Cr
Latest charge details
DateLenderAmountStatus
10 Mar 1998Indian Overseas Bank₹40 LakhSatisfied
24 Nov 1995Indian Overseas Bank₹10 LakhSatisfied

Total charge records: 2 View all charges

Employees and EPFO Compliance at Paramount Technologies Limited

Paramount Technologies Limited has a workforce of 8 employees as of Apr 04, 2024.

Employee count
8
Active EPFO establishments
1
Employee growth
-11.11%
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Monthly headcount, contribution history and filing status are in the company report.

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GST Compliance of Paramount Technologies Limited

Paramount Technologies has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1
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Credit Ratings, Litigation & Regulatory Alerts for Paramount Technologies Limited

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MSME Payment Delays by Paramount Technologies Limited

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Subsidiaries & Group Companies of Paramount Technologies Limited

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MCA Filings & Documents of Paramount Technologies Limited

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Recent Activity on Paramount Technologies Limited

Activity
16 Sep 2020
Paramount Technologies Limited last Annual general meeting of members was held on 16 Sep 2020 as per latest MCA records.
Activity
31 Mar 2020
Paramount Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Ahmedabad.
Charges
22 Aug 2019
A charge registered on 10 Mar 1998 via Charge ID 90109763 with Indian Overseas Bank was fully satisfied on 22 Aug 2019.
Charges
22 Aug 2019
A charge registered on 24 Nov 1995 via Charge ID 90109365 with Indian Overseas Bank was fully satisfied on 22 Aug 2019.
Directors
27 Jan 2017
Atul Jamanadas Shah was appointed as a Director on 27 Jan 2017 & has been associated with this company since 9 years 8 months.
Directors
27 Jan 2017
Dilip Ranjitbhai Shukla was appointed as a Director on 27 Jan 2017 & has been associated with this company since 9 years 8 months.

Frequently Asked Questions about Paramount Technologies Limited

Paramount Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.

Paramount Technologies was a public limited company based in Baroda, Gujarat, India. The company worked in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 25 September 1987 and is registered under CIN U74210GJ1987PLC010016. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Paramount Technologies was incorporated on 25 September 1987. It is registered with the Registrar of Companies, Ahmedabad.

Paramount Technologies had 5 directors:

The CIN (Corporate Identification Number) of Paramount Technologies is U74210GJ1987PLC010016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Paramount Technologies is at A – 4 Gidcmakarpura, Baroda, Gujarat, India – 390010.

Paramount Technologies can be reached through the website paramountlimited.com. Its registered office is in Baroda, Gujarat, India.

Paramount Technologies reported revenue of ₹1.67 Cr for FY 2020 (down 17% YoY).

Paramount Technologies has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹25 Lakh.

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